Welltower Raises Second Quarter 2022 Guidance and Issues Business Update

Rhea-AI Summary

Welltower® Inc. (NYSE: WELL) has updated its Q2 2022 financial outlook, now forecasting net income attributable to common stockholders of $0.22 - $0.25 per diluted share, an increase from previous guidance of $0.20 - $0.25. The company also projects normalized funds from operations between $0.84 - $0.87 per diluted share, up from $0.82 - $0.87. This positive adjustment reflects Welltower's strategy in transforming health care infrastructure, focusing on seniors housing and outpatient medical properties across high-growth markets in the US, Canada, and the UK.

Positive

• Revised Q2 2022 net income guidance: $0.22 - $0.25 per diluted share (previously $0.20 - $0.25).
• Increased normalized funds from operations forecast: $0.84 - $0.87 per diluted share (previously $0.82 - $0.87).

Negative

• None.

TOLEDO, Ohio, June 6, 2022 /PRNewswire/ -- Welltower® Inc. (NYSE: WELL) today announced that it has revised its second quarter 2022 outlook. The Company now expects to achieve net income attributable to common stockholders in a range of $0.22 - $0.25 per diluted share as compared to previous guidance of $0.20 - $0.25 per diluted share. Additionally, the Company now expects to achieve normalized funds from operations in a range of $0.84 - $0.87 per diluted share as compared to previous guidance of $0.82 - $0.87 per diluted share.  Additional details regarding the Company's updated guidance and other recent developments are contained in the following Business Update presentation:

https://welltower.com/june2022-business-update

About Welltower

Welltower® Inc. (NYSE: WELL), an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. The Company invests with leading seniors housing operators, post-acute providers, and health systems to fund the real estate infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience. Welltower, a real estate investment trust ("REIT"), owns interests in properties concentrated in major, high-growth markets in the United States, Canada, and the United Kingdom, consisting of seniors housing, post-acute communities and outpatient medical properties. More information is available at www.welltower.com.

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SOURCE Welltower Inc.

FAQ

What is Welltower's updated net income forecast for Q2 2022?

Welltower expects net income attributable to common stockholders to be between $0.22 and $0.25 per diluted share for Q2 2022.

What are the changes in Welltower's funds from operations guidance?

Welltower's normalized funds from operations are now projected to be between $0.84 and $0.87 per diluted share for Q2 2022.

Where can I find more information about Welltower's business update?

Further details can be found in the Business Update presentation on Welltower's official website.